Cray Inc. Announces Cray X1 Supercomputer Order from India's Tata Institute of Fundamental Research; Order Secured By Hinditron, Cray's Representative in India.Business Editors/High-Tech Writers SEATTLE--(BUSINESS WIRE)--Feb. 24, 2004 Global supercomputer leader Cray Inc. (NasdaqNM:CRAY) today announced that it has received an order for a Cray X1(TM) supercomputer system from the Tata Institute of Fundamental Research The Tata Institute of Fundamental Research (TIFR) is the premier Indian institute for higher education that is primarily dedicated to carrying out research in natural sciences, mathematics and computer science. It is located at Navy Nagar Colaba, Mumbai. (TIFR TIFR Tata Institute of Fundamental Research ), Mumbai (Bombay), India. The order came through Hinditron, Cray's representative in India. Financial terms were not disclosed. The Cray X1 system is scheduled to be installed in the current quarter. It will support research in physics, mathematics and other disciplines, Cray officials said. "The Institute is pleased to be associated with Cray Inc., which produces state-of-the-art supercomputers. Acquiring the Cray X1 supercomputer is part of our commitment to provide the scientists at TIFR the best facilities for research. This will enable our scientists to address important frontline scientific questions in lattice gauge theory In physics, lattice gauge theory is the study of the behaviour of lattice model gauge theories. That is, it is the study of gauge theories on a spacetime that has been discretized onto a lattice. that are also at the frontiers of computation," said TIFR Director S. Bhattacharya. "We are proud to add the Tata Institute, a leading global research organization, to our list of customers," said Cray Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jim Rottsolk. "We are also pleased that a company as capable as Hinditron represents Cray in India and secured the first Cray X1 order on the subcontinent sub·con·ti·nent n. 1. A large landmass, such as India, that is part of a continent but is considered either geographically or politically as an independent entity. 2. ." About TIFR The Tata Institute of Fundamental Research (TIFR) is one of the premier research institutes of India. Founded in June 1945 by Dr. Homi Bhabha with the help of Sir Dorabji Tata Dorab Tata (August 27, 1859-June 3, 1932), was an Indian industrialist and philanthropist, and a key figure in the history and development of the Tata industrial empire. Dorabji Tata was knighted in 1910 for his contributions to industry in British India. Trust and the Government of Bombay, today TIFR conducts leading-edge research in a wide range of fields, including physics, mathematics, biology, chemistry, computer science, and science education. In addition to the Mumbai campus, TIFR has national centers in Bangalore, Pune, Hyderabad, Panchmarhi and Gauribidanur. Go to www.tifr.res.in for more information about the institute. About Hinditron The Hinditron group, Mumbai, was founded in 1966 and has been one of the pioneering technology companies of India. Hinditron provides complete solutions to clients in a broad spectrum of industries in India and abroad, including information technology, instrumentation, telecommunication products, video and broadband, software products and services. Hinditron has a strategic alliance with Cray Inc., to act as the company's representative in India. Go to www.hinditron.com for more information about the company. About Cray Inc. Cray's mission is to be the premier provider of supercomputing solutions for its customers' most challenging scientific and engineering problems. Go to www.cray.com for more information about the company. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . There are certain factors that could cause Cray's execution plans to differ materially from those anticipated by the statements above. These include Cray's ability to pass acceptance tests and general economic and market conditions. For a discussion of these and other risks, see "Factors That Could Affect Future Results" in Cray's most recent Quarterly Report on Form 10-Q Form 10-Q See 10-Q. . Cray is a registered trademark, and Cray X1 is a trademark, of Cray Inc. All other trademarks are the property of their respective owners. |
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